Based on today's classical pivot point (P1) with the value of $0.02629, Merlin Chain has support levels of $0.02523, $0.02460, and the strongest at $0.02354. Similarly, Merlin Chain resistance levels are at $0.02692, $0.02798, and $0.02861.
| # | Price | Strength |
|---|---|---|
| S1 | $0.02523 | |
| S2 | $0.02460 | |
| S3 | $0.02354 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.02692 | |
| R2 | $0.02798 | |
| R3 | $0.02861 |
Technical indicators are an essential tool for conducting technical analysis. They provide insights into an asset's market status, investor sentiment, and more, thereby helping investors make more informed trading decisions.
| Period | Value | Action |
|---|---|---|
| RSI (14) | 36.22 | NEUTRAL |
| Stoch RSI (14) | 7.73 | BUY |
| Stochastic Fast (14) | 2.92 | BUY |
| Commodity Channel Index (20) | -88.61 | NEUTRAL |
| Average Directional Index (14) | 15.68 | NEUTRAL |
| Awesome Oscillator (5, 34) | -0.01 | NEUTRAL |
| Momentum (10) | -0.00 | NEUTRAL |
| MACD (12, 26) | -0.00 | NEUTRAL |
| Williams Percent Range (14) | -97.08 | BUY |
| Bull Bear Power (13) | -0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 35.99 | NEUTRAL |
| VWMA (10) | 0.03 | SELL |
| Hull Moving Average (9) | 0.03 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.03 | NEUTRAL |
Over the past 7 days, Merlin Chain price was most positively correlated with the price of SPX6900 (SPX), Immutable X (IMX), Monad (MON), Floki Inu (FLOKI) and Pepe Coin (PEPE) and most negatively correlated with the price of Midnight (NIGHT), JUST (JST), Terra Classic (LUNC), NEAR Protocol (NEAR) and Stellar (XLM).
| Name | Correlation |
|---|---|
| SPX6900 | 0.954 |
| Immutable X | 0.934 |
| Monad | 0.925 |
| Floki Inu | 0.919 |
| Pepe Coin | 0.901 |
| Name | Correlation |
|---|---|
| Midnight | -0.726 |
| JUST | -0.591 |
| Terra Classic | -0.355 |
| NEAR Protocol | -0.345 |
| Stellar | -0.340 |
Merlin Chain price is positively correlated with the top 10 coins by market cap with a price of 0.689, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.508.
Currencies that are positively correlated with Merlin Chain indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Merlin Chain, a move in one direction for Merlin Chain would translate into a move in the opposite direction for the negatively correlated coin.
